Mooreland Maintains Strong Deal Momentum in Enterprise Software with Financing Transaction for European Leader in DevOps Segment
LONDON – NOVEMBER 29, 2016 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to SonarSource on a $45 million investment received from Insight Venture Partners.
Founded in Switzerland in 2008 by Olivier Gaudin, Freddy Mallet and Simon Brandhof, SonarSource provides products for continuous code quality management of software applications. Adopted by more than 80,000 companies worldwide, SonarSource’s open source solution fundamentally changes the way to manage application maintainability, reliability and security. In addition, SonarSource provides an enterprise-level solution to more than 700 customers, including eBay, Bank of America, and BMW, as well as 50 of the Fortune 100 organizations.
Headquartered in New York, Insight Venture Partners is a global investment firm with over $13 billion of capital under management. Since their founding in 1995, Insight has made over 250 investments exclusively in technology-enabled businesses worldwide.
“We are pleased to have played a key role in finding a strong financial partner for SonarSource. Insight possesses the financial resources and industry expertise to enable SonarSource to expand its global customer reach and widen the scope of their code quality management platform” said Victor Garcia, Managing Director at Mooreland Partners. “Our firm has been at the forefront of transaction activity in the DevOps space having completed four transactions in the past 18 months” added Brad Topchik, Managing Director of Mooreland Partners. Mooreland Partners recently advised on transactions for EZSource, Secunia and Checkmarx – all of which are also in the DevOps segment.